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Home News Regions Eastern Virginia Thalhimer reports sales of two industrial properties in Hampton Roads

Thalhimer reports sales of two industrial properties in Hampton Roads

Published November 9, 2015 by Paula C. Squires

Shorewood Packaging facility

The former Shorewood Packaging facility in Newport News has sold to Municipal Partners III LLC for $4 million. The company bought the 266,611–square-foot industrial property on 23.3 acres from International Paper Co. for $4 million as an investment, according to Cushman & Wakefield | Thalhimer.

Thalhimer’s Robert M. Thornton handled the sale negotiations on behalf of the seller.

In another deal, G Street and Associates LLC bought an 83,204-square-foot warehouse property on 8.9 acres in Hampton from Pembroke Properties Inc. for $1million as an investment.
Thalhimer’s Clay Culbreth handled the sale negotiations on behalf of the buyer.

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